Tiaan Consumer's board meeting approved a massive increase in authorized share capital from ₹13.20 Cr to ₹10,000 Cr.

This paves the way for a preferential issue of 149 Cr equity shares, valued at ₹1490 Cr, to convert existing unsecured loans into equity for non-promoter investors.

The company also confirmed the appointment of Mr. Munesh Kumar as Additional Executive Director, correcting an earlier oversight, and appointed Ms. Iroda Alloyorovna Ochilova as an Additional Non-Executive Director.

Additionally, the Managing Director and an Additional Director have resigned, and the 33rd Annual General Meeting has been approved.